Answer:
c. Alcohol consumption decreases, whereas the alcohol market price increases if the tax is placed on the sellers or decreases if the tax is placed on the buyers.
Explanation:
Elastic demand is the situation that when the price of a good goes up the quantity demanded reduces. Since alcohol demand and supply are both elastic, If commodity tax is imposed on sellers then they decrease the supply and increase the price of alcohol. The increased price of alcohol will make buyers buy less of alcohol thereby reducing the consumption of alcohol.
A. is required to draw up a petition listing all assets and liabilities.
Answer:
$24.8 per hour.
Explanation:
Emma can only work for 25 hours in a week.
Total she needs to make =$620.
So, each hour she has to make sales worth =620/25 =$24.8
Answer:
The answer is D.
Explanation:
Value of cash received is :
10,000 shares x $75
=$750,000
And that's a debit as it is shown in the question because cash was received.
Now the credit side.
Value of preferred stock is $50
So we have:
$50 x 10,000 shares
=$500,000 preferred shares.
Paid-in Capital in Excess of Par ValuePreferred Stock is $25 ($75 -$50)
So the value will be $25 x $10,000
=$250,000
